Surcharge on FBT
This query is : Resolved
10 March 2009
Surcharge is not applicable in our company as profit is less than one crore. Will the surcharge @ 10% is applicable on FBT payable by our company?
10 March 2009
yes
10 March 2009
Yes, in case of FBT, surcharge is fixed for assessees irrespective of turnover limit.
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